The investment objective of the Yorkville MLP High Income Strategy is to maximize
current income by primarily investing in MLPs with high quality income and above
average yields.

Yorkville’s MLP High Income Strategy takes a long-term fundamental approach to
investing. The strategy seeks to invest in MLPs with (i) above average yields, (ii) stable
distributions, and (iii) attractive valuations.

Name

QTD

YTD

1 Year

Since Inception+

Yorkville MLP High Income Strategy (Gross) (1)

-17.4%

-14.0%

-14.0%

3.6%

Yorkville MLP High Income Strategy (Net) (2)

-18.1%

-16.6%

-16.6%

0.5%

Alerian MLP (3)

-17.3%

-12.4%

-12.4%

-1.8%

S&P 500 (4)

-13.5%

-4.4%

-4.4%

10.8%

+ Since Inception: October 1, 2015

Past Performance is not indicative of future returns.

Energy Infrastructure Strategy

The investment objective of the Yorkville Energy Infrastructure Strategy is to maximize
total returns by investing primarily in mispriced energy and energy infrastructure
companies.

The Yorkville MLP Distribution Growth Leaders Alpha Index (YGMLA) is a
fundamentally driven investment strategy designed to track the performance and
distributions of 25 MLPs delivering the fastest and highest quality distribution growth.
The index is equal-weighted and UCITS compliant.

+ Since: 3/31/2008

Short-Term

Long-Term

Name

Ticker

1 Year

3 Year

5 Year

10 Year

Yorkville MLP Distribution Growth Leaders Alpha Index

YGMLA

1.1%

1.6%

-7.5%

Yorkville MLP Universe Index

YMLPU

9.9%

8.6%

-3.5%

S&P 500

SPX

4.6%

13.5%

10.8%

Name

Ticker

WTD

MTD

QTD

YTD

Yorkville MLP Distribution Growth Leaders Alpha Index

YGMLA

0.0%

0.8%

13.1%

13.1%

Yorkville MLP Universe Index

YMLPU

0.0%

1.2%

15.5%

15.5%

S&P 500

SPX

0.5%

1.5%

13.1%

13.1%

* Annualized Total Returns as of 3/15/2019

Yorkville Liquid MLP Index

The Yorkville Liquid MLP Index (YLMLP) is an investable index designed by Yorkville to
provide institutions with the most liquid access to the Master Limited Partnership asset
class. The index is comprised of 25 actively traded MLPs, representing all ten sectors of
MLPs. It utilizes a proprietary, liquidity-weighted methodology engineered to maximize
daily trading volume. The index is rebalanced quarterly.

+ Since: 12/31/1999

Short-Term

Long-Term

Name

Ticker

1 Year

3 Year

5 Year

10 Year

Yorkville Liquid MLP Index

YLMLP

8.4%

8.0%

-4.8%

10.9%

Yorkville MLP Universe Index

YMLPU

9.9%

8.6%

-3.5%

11.8%

S&P 500

SPX

4.6%

13.5%

10.8%

16.5%

Name

Ticker

WTD

MTD

QTD

YTD

Yorkville Liquid MLP Index

YLMLP

0.3%

3.1%

16.0%

16.0%

Yorkville MLP Universe Index

YMLPU

0.0%

1.2%

15.5%

15.5%

S&P 500

SPX

0.5%

1.5%

13.1%

13.1%

* Annualized Total Returns as of 3/15/2019

Bespoke Solutions

Yorkville's offers all of it's strategies, indexes, and funds in separately managed accounts. This structure offers our clients the following benefits:

Security - assets are held in the client's name;

Safety - transfers must be authorized by the client;

Liquidity - funds can be transferred or withdrawn by a client at any time;

Collateral - assets can be used as collateral; and

Transparency - on-line access to your account(s) allows the client to see holdings and observe gains and losses in real time.

Yorkville Capital Management LLC claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with GIPS® standards. Yorkville Capital Management, LLC is a Registered Investment Advisor dedicated to investing in master limited partnerships (MLPs) and U.S. energy infrastructure companies. Yorkville’s investment team is comprised of pioneers in researching and investing in MLPs. The Yorkville team has been successfully investing in U.S. energy infrastructure through MLPs since the early 1990s – virtually the inception of the asset class. Yorkville’s management team has over 60 years of combined experience in the MLP market.

The Yorkville MLP Growth Opportunities Strategy Composite contains fully discretionary equity accounts. The accounts are invested in the Yorkville MLP Growth Opportunities Strategy. The MLP Growth Opportunities Strategy was known as the MLP Core Income Strategy prior to January 1, 2017. The Yorkville MLP High Income Strategy Wrap Composite contains fully discretionary equity accounts. The accounts are invested in the Yorkville MLP High Income Strategy through a wrap program. The Yorkville Energy Infrastructure Strategy Composite contains fully discretionary equity accounts. The accounts are invested in the Yorkville Energy Infrastructure Strategy.

Yorkville MLP High Income Strategy Wrap Composite: Gross-of-fees returns are pure gross-of-fee returns which do not reflect the deduction of a management fee, commissions, and certain transaction cost which will reduce performance.

2 Yorkville MLP Growth Opportunities Strategy Composite: Net-of-fee returns are calculated by deducting a management fee of 1.50% from the monthly gross composite return and a performance fee according to the following schedule: 10% performance fee above a 10% hurdle with a high water mark. The management fee was increased from 1.0% to 1.5% retroactively from July 2015 and a high water mark added on January 1, 2017.

Yorkville MLP High Income Strategy Wrap Composite: Net-of-fee returns are calculated by deducting a wrap fee of 3.0% from the monthly gross composite return.

Yorkville Energy Infrastructure Strategy Composite: Net of fee returns are calculated by deducting a management fee of 1.00% from the monthly gross composite return. The management fee was decreased retroactively, since inception, from 1.5% to 1.0% and the performance fee was removed according to the following schedule: 10% performance fee above a 10% hurdle with a high water mark, in July 2018.

3 Alerian MLP Index is the leading gauge of energy Master Limited Partnerships (MLPs). The float-adjusted, capitalization-weighted index, whose constituents represent approximately 85% of total float-adjusted market capitalization, is disseminated real-time on a price-return basis (AMZ) and on a total-return basis (AMZX).

4 The S&P 500® Index is a broad-based measurement of changes in stock market conditions based on the average performance of 500 widely held common stocks.

5 Historical returns for the Yorkville MLP High Income Strategy were restated on December 31, 2017 due to the discovery of a material error.

Standard Deviation measures the risk or volatility of an investment’s return over a particular time period; the greater the number, the greater the risk.

This information has been provided by Yorkville Capital Management, LLC. All materials presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. This is not to be construed as an offer to buy or sell any financial instruments and should not be relied upon as the sole factor in an investment-making decision. The views and opinions expressed are those of the portfolio management team at the time of publication and are subject to change. There is no guarantee that these views will come to pass. As with all investments there are associated inherent risks. Please obtain and review all financial material carefully before investing. Past performance is not indicative of future returns.

This information has been provided by Yorkville Capital Management, LLC. All materials presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. This is not to be construed as an offer to buy or sell any financial instruments.